Rapidly increasing number of construction projects globally, rising awareness of BIM and associated benefits, and the growing demand for automated models in architecture, engineering and construction (AEC) industry, have been facilitating its adoption in construction industry, especially for commercial and infrastructure projects. Moreover, government mandates regarding usage of BIM in building constructions would further boost its adoption worldwide.
Building Information Modeling (BIM), is a digital representation of a construction project, which can be used by architects, engineers and other construction professionals. It helps in planning, designing, constructing, operating and maintaining the diverse physical infrastructure coupled with speedy data exchange among the involved entities.
World BIM market is segmented based on solution, software deployment type, end user, vertical and geography. BIM has been increasingly adopted across different verticals encompassing commercial, residential, institutional, industrial and infrastructure. The adoption rate among commercial and infrastructure is growing rapidly owing to mandates in accordance to government regulations. BIM software models are either delivered through cloud or on premise modes to the customers. Cloud-based solutions are gaining increased popularity among customers owing to cost effectiveness and easy access over on premise models.
Geographically, BIM market is segmented into North America, Europe, Asia-Pacific and Latin America, Middle East and Africa (LAMEA). Asia-Pacific would be the fastest growing region owing to the high adoption of BIM in countries such as China, India and Japan.
Source : Allied Market Research
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